WASHINGTON Oct 13 Artis Capital Management and
a senior research analyst at the hedge fund have agreed to
settle charges related to their failure to detect insider
trading by an employee, the U.S. Securities and Exchange
Commission said on Thursday.

San Francisco-based Artis Capital will disgorge profits of
$5.2 million plus $1.1 million in interest and pay a penalty of
$2.6 million, the SEC said in a statement.

Michael Harden, the employee's supervisor, has agreed to pay
a $130,000 penalty and was suspended from working in the
securities industry for 12 months, the statement said.

The employee, Matthew Teeple, was sentenced in 2014 to five
years in prison after pleading guilty to conspiracy to engage in
securities fraud.

Artis Capital and Harden consented to the SEC's order
without admitting or denying the findings, the statement said.

Besides Teeple, a former executive of Foundry Networks Inc
was sentenced to 6-1/2 years in prison in the insider trading
case.

Prosecutors said David Riley, Foundry's former chief
information officer, in 2008 tipped off Teeple about an
unannounced plan for Brocade Communications Systems Inc
to acquire Foundry for $3 billion.

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NEW YORK, Dec 9 A private U.S. regulator
launched a hotline on Friday to hear from ex-Wells Fargo & Co
employees who were fired for allegedly opening
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Dec 9 A former Cantor Fitzgerald trader has been
indicted on charges that he defrauded investors by lying about
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after the financial crisis, U.S. prosecutors said on Friday.